Key Takeaways
- Over $1 trillion of unused materials are wasted globally, often ending up in landfills or incinerators.
- Blockchain technology is integrated into Aloqia’s inventory tracking, ensuring data authenticity.
- Every change in inventory levels, descriptions, or actions is securely recorded and verified on the blockchain as shared by Coinbase.
In Summary
Global supply chains face enormous waste, with over $1 trillion in unused materials either stored indefinitely or sent to landfills. Queen of Raw addresses this issue by incorporating blockchain technology into inventory management. This ensures every action taken—whether adjusting inventory levels or changing material descriptions—is recorded in a tamper-proof, verifiable system. As highlighted in a collaboration with Coinbase, blockchain's secure and immutable nature prevents data from being altered or faked, bringing unparalleled transparency and trust to supply chain management.